kimisitu investment company ltd offer opens - Kimisitu Sacco
kimisitu investment company ltd offer opens - Kimisitu Sacco
kimisitu investment company ltd offer opens - Kimisitu Sacco
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KIMISITUINVESTMENTCOMPANY LTD‘Your umbrella in fair weather’SHARE OFFER BROCHUREOFFER OPENS1st October 2010at 8.00 a.mOFFER CLOSES30th November 2010at 5.00 p.m.
KIMISITU INVESTMENT COMPANY LTDKEY INFORMATIONKIMISITU INVESTMENT COMPANY is a public <strong>company</strong>formed with an aim of pursuing prudent and profitable<strong>investment</strong>s in order to increase shareholder value.The resolution to form <strong>Kimisitu</strong> Investment Company waspassed on 27th February 2010 during the Annual GeneralMeeting of <strong>Kimisitu</strong> <strong>Sacco</strong> Society Ltd.The authorized share capital of the <strong>company</strong> is KenyaShillings One Hundred Million (Kshs. 100,000,000),divided into ten million (10,000,000) shares of Kenya ShillingsTen (Kshs. 10) each.The minimum shareholding pershareholder is 1,000 shares worth Kshs 10,000.‘Your umbrella in fair weather’BENEFITS OF MEMBERSHIP1. Enabling members to acquire plots.2. Investing in real estate with an aimof increasing shareholder value andearning dividends.
KIMISITU INVESTMENT COMPANY LTDBENEFITS OF MEMBERSHIP3. Enabling members to realize their dreams ofacquiring real estate at affordable rates.4. Enabling members to take advantage ofeconomies of scale and acquire other assets.5. Pursuing profitable well diversified <strong>investment</strong>sin listed equities, private equity, fixed income andoffshore funds with an aim of increasing shareholderwealth.MAIN FEATURES OF THE OFFERTIMETABLE OF PRINCIPAL EVENTSShare SubscriptionOpening Date 8.00 a.m. : 1st October 2010Closing Date 5.00 p.m. : 30th November 2010Announcement Date : 14th December 2010
PROCEDURE FOR APPLICATION AND PAYMENTOFFER STATISTICSOffer Price per Offer Share: Kshs 10Number of New Shares now <strong>offer</strong>ed for subscription: 9 million sharesGross Proceeds of the Offer: Kshs 90 millionEstimated Net Proceeds receivable by the Company: Kshs 90 millionELIGIBILITYThe <strong>offer</strong> is open to existing members of <strong>Kimisitu</strong> <strong>Sacco</strong> Society Ltd .Interested members should make an application inthe prescribed application form. <strong>Kimisitu</strong> <strong>Sacco</strong> Society is also eligible to apply as a corporate shareholder, subject to amaximum of 5% of the Company’s shareholding.SHARE APPLICATION AND ALLOCATION POLICYAPPLICATIONThe minimum number of shares for subscription is 1000 shares of Kshs 10 each (Kshs 10000) per applicant.Interested applicants will fill the share application form attached, present the duly filled form accompanied by a banker’scheque of the share amount applied for, a copy of their identification and one coloured passport photo. Applicants canalso apply for a loan with <strong>Kimisitu</strong> <strong>Sacco</strong> Society to finance the share purchase.ALLOCATIONIn the event that the total number of Offer Shares applied for by all Applicants is more thanthe respective total number of Offer Shares ,all valid applications received will be allocated the total number of OfferShares applied for up to 1000 Offer Shares each. Thereafter, all remaining available Offer Shares will be allocated on apro rata amongst all Applicants.In the event that the total number of Offer Shares applied for by all Applicants equates to the respective total numberof Offer Shares, all valid applications will be allocated in full as per the number of Offer Shares applied for.For more information:Contact us atKIMISITU CO-OPERATIVE SAVINGS AND CREDIT SOCIETY LTD.Woodlands Road, Kilimani, opposite IFRC, next to NARC KenyaP.O BOX 10454 – 00100 NairobiTelephone: 254 - 0715047065Email: manager@<strong>kimisitu</strong>sacco.or.ke
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